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The Schneck Building: 5 Surprising Facts About 463 7th Ave NYC, The Arsenal Of The Fashion District

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The address 463 7th Avenue in New York City is more than just a pin on a map; it is a 22-story monument to the city's industrial and architectural past, currently undergoing a vibrant modern-day renaissance. As of late December 2025, this iconic structure, also known as the Schneck Building or the historic Arsenal Building, continues to be a crucial hub in the bustling Midtown South/Penn Plaza area, boasting a mix of major corporate and non-profit tenants, all while showcasing a newly renovated, welcoming aesthetic.

Located squarely in the heart of the legendary Fashion Corridor, the building has recently solidified its position as a premier commercial destination, evidenced by significant and very recent commercial real estate activity, including a notable lease transaction reported as recently as September 2024. This blend of deep history, world-class architecture, and fresh, high-value commercial deals makes 463 7th Ave a fascinating case study in New York City's ever-evolving real estate landscape.

The Architectural Legacy of the Arsenal Building (463 7th Ave)

The building at 463 7th Avenue, officially designated as the Arsenal Building, stands as a pivotal piece of New York’s architectural history. Completed in 1925, this 22-story, Class-B commercial loft building was a product of the roaring twenties and the burgeoning textile industry that defined the Garment District.

A Masterpiece by Ely Jacques Kahn

The structure’s design is attributed to the prominent architectural firm of Buchman & Kahn, with Ely Jacques Kahn serving as the principal architect. Kahn was a prolific figure in New York City architecture, responsible for designing 14 structures in the Garment District alone, and the Arsenal Building was one of the very first.

Kahn’s work on the Arsenal Building is a prime example of the Renaissance Revival style, adapted for the massive commercial loft buildings of the era. These buildings were designed to accommodate the entire process of the garment industry—from design and manufacturing to sales showrooms—all under one roof.

The building's architectural significance lies in its sophisticated use of materials and its functional design, which helped define the visual character of the Fashion Corridor between 35th and 36th Streets. It’s a testament to a time when industrial might and high-end design intersected in Manhattan.

Key Architectural and Historical Entities:

  • Original Name: Arsenal Building
  • Alternate Name: Schneck Building
  • Location: Midtown South / Penn Plaza Area
  • Architect: Ely Jacques Kahn (Buchman & Kahn)
  • Year Built: 1925 (some sources say 1924)
  • Architectural Style: Renaissance Revival
  • Building Height: 22 stories (approx. 467,800 SF)

The Schneck Building’s Multi-Million Dollar Modernization

In a move to remain competitive in the post-pandemic commercial real estate market, the ownership of 463 7th Avenue has invested heavily in a significant modernization project. This revitalization effort has focused primarily on improving the tenant experience and updating the building’s street-level presence.

The most visible aspect of this project is the brand new, open and welcoming lobby. This transformation restores the building base and lobby, aligning the historic structure with the sleek, modern expectations of today’s corporate tenants while honoring its classic origins.

This strategic renovation, along with the building's prime location, has helped maintain a high valuation, with the property's current tax assessor's market value sitting at over $112 million. This demonstrates strong confidence in the long-term viability of this historic Garment District asset.

A Magnet for Diverse Tenants: From Fashion to Non-Profit

The tenant roster at 463 7th Avenue reflects the diverse and dynamic nature of New York City's economy. While its history is rooted in the Garment District, the building now houses a wide array of entities, ranging from apparel companies to major social service organizations and hospitality groups. This mix of tenants provides a stable, multi-faceted income stream for the property.

Notable Tenants and Entities at 463 7th Ave:

  • Apparel & Retail: Sensual Lingerie Inc, Adjmi Apparel Group, Mystic (an apparel company that recently expanded its lease), Blue Duck Trading Ltd., By Design.
  • Non-Profit & Social Services: Services for the Underserved (S:US), The Jewish Board of Family and Children’s Services.
  • Hospitality & Corporate: HHM Hotels, InMocean Group, Core Staffing, A.W. Chang Corp.
  • Food & Beverage: DIG, Just Salad (a popular quick-service restaurant on the ground floor).

The Latest Commercial Real Estate Activity (2024-2025)

The most compelling evidence of 463 7th Avenue’s current relevance is the recent flurry of commercial activity. Despite broader market uncertainties, the building has successfully attracted and retained key tenants, often through significant lease expansions.

The building's ownership has been actively involved in securing new agreements, with reports of a commercial real estate lease transaction occurring as recently as September 24, 2024. This recent activity underscores the building’s appeal, which is driven by its competitive lease rates (ranging from $42.00 to $59.00 per square foot per year) and its strategic location near major transit hubs like Penn Station and the Port Authority Bus Terminal.

The expansion by the apparel company Mystic is a notable recent deal, demonstrating that the building continues to serve its historical roots in the fashion industry while adapting to modern office needs. These transactions confirm that the investment in a "brand new" lobby and infrastructure is paying off, positioning the Schneck Building as a high-value asset in the competitive Penn Plaza submarket.

Topical Authority Entities & LSI Keywords:

  • Midtown South Office Market
  • Penn Plaza Commercial Real Estate
  • Class-B Office Space NYC
  • Garment District Zoning
  • Commercial Loft Buildings
  • New York City Tax Assessor Value
  • Transit-Oriented Development (TOD)

In conclusion, 463 7th Avenue—the Schneck Building, or Arsenal Building—is a perfect microcosm of New York City itself. It is a historic structure with deep roots in the city's defining industries, yet it is constantly evolving. The recent architectural upgrades and the steady stream of fresh, significant lease deals through late 2024 and into 2025 prove that this 1925 Renaissance Revival masterpiece remains a vibrant and profitable cornerstone of the Midtown South/Penn Plaza corridor. Its story is one of successful preservation and modernization, ensuring its place in the city's skyline for decades to come.

The Schneck Building: 5 Surprising Facts About 463 7th Ave NYC, The Arsenal of the Fashion District
463 7th ave nyc
463 7th ave nyc

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